Ms Michelle E Neville-Clarke

Michelle E Neville-Clarke

Updates

Capital Markets

Investment funds explained
Bahamas | 27 January 2015

The Investment Funds Act provides legislation flexible enough to accommodate the needs and growing demands of the financial sector. To be a Bahamas-based investment fund, a nexus to the Bahamas must be established. An investment fund does not include a unit trust, company or partnership where the holder of equity interests cannot redeem its equity interests or require the issuer to repurchase its equity interests.

Private Client & Offshore Services

Investment funds explained
Bahamas | 22 January 2015

The Investment Funds Act provides legislation flexible enough to accommodate the needs and growing demands of the financial sector. To be a Bahamas-based investment fund, a nexus to the Bahamas must be established. An investment fund does not include a unit trust, company or partnership where the holder of equity interests cannot redeem its equity interests or require the issuer to repurchase its equity interests.

The Purpose Trusts Act 2004
Bahamas | 14 July 2005

The Purpose Trusts Act represents a significant variation from the accepted principles of trust law that a trust requires a settlor, a trustee and beneficiaries, and is invalid to the extent that it has no ascertainable beneficiaries or charitable objects. It allows a valid trust to be established for specific purposes notwithstanding that the trust does not have charitable objects or ascertainable beneficiaries.

A Guide to Investment Funds
Bahamas | 05 August 2004

The new Investment Funds Act aims to provide legislation that is sufficiently flexible to accommodate the needs and growing demands of the financial sector. The act provides for four classes of investment fund: the standard fund; the professional fund; the specific mandate alternative regulatory test (SMART) fund; and the recognized foreign fund.

Investment Funds Act and Regulations Come into Force
Bahamas | 25 March 2004

The new Investment Funds Act aims to accommodate the needs and growing demands of the financial sector. It provides a strong backbone for the fund industry in The Bahamas, and many of the amendments it introduces should have widespread implications for the financial services industry in its attempt to remain one of the world's leading international financial centres.